Instead of the installment plan, suppose the Sanchez family went to the bankand borrowed $273 with 8% interest.

TheGreenCabbage asked Jun 2, 2023

70,273 views

20 votes

TheGreenCabbage asked Jun 2, 2023

2.7k points

Your comment on this question:

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Email me at this address if my answer is selected or commented on:Email me if my answer is selected or commented on

Privacy: Your email address will only be used for sending these notifications.

19 votes

8. Amount of interest: $273*8% = $21.84

9. Total amount: $273 + $21.84 = $294.84

Grinneh answered Jun 6, 2023

2.7k points

Email me at this address if a comment is added after mine:Email me if a comment is added after mine

Privacy: Your email address will only be used for sending these notifications.

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

1.6m questions

2.0m answers